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LEBANON, NH-A Boston multifamily real estate firm with apartments throughout the Northeast has secured another asset, the latest a 160-unit property here in northern New England. Emerson Gardens was purchased by the Dolben Co. of Burlington, MA from SMC Management Corp. for $21.6 million.

Dartmouth College in abutting Hanover and Dartmouth Hitchcock Medical Center have given the rural region bordering Vermont a solid economic base, Dolben Co. principal Dana Pope tells GlobeSt.com in explaining a belief in Emerson Gardens. “There seems to be good demand for apartments,” explains Pope, including a growing element of empty nesters returning to New Hampshire's Upper Valley. That constituency should appreciate elements such as underground parking and elevators, says Pope, especially in a region well known for its enduring winters.